Independent Living and Homeownership: An Analysis of Australian Youth

Steven Bourassa, Donald Haurin, R. Jean Haurin and Patric Hendershott

No 4450, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This study extends recent work that developed and tested economic models of the joint decisions of household formation and homeownership. The cost of shelter is an important determinant of whether youth live independently (apart from parents and other nonrelated adults), and the cost of homeownership relative to renting is important to the tenure decision. Simulations suggest that the post-1985 decline and eventual removal of the Australian subsidy for first time homeowners has lowered the homeownership rate among young households by 23 percent, which is equivalent to slowing the time to first ownership by two years for such households.

JEL-codes: R21 (search for similar items in EconPapers)
Date: 1993-09
Note: PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published as Australian Economic Review, July-September 1994, pp. 29-44.

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Journal Article: Independent Living and Home Ownership: An Analysis of Australian Youth (1994)
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